Clariant Oil Services expands business with Chevron - Duri Indonesia

Muttenz, January 29, 2010 - Clariant Oil Services, a business unit of Clariant International Ltd, has signed a “Heavy Oil Services” contract to supply Chevron - Duri in Indonesia with products and services for the Duri steam flood. Steam flooding is an enhanced oil recovery method that injects steam into the reservoir to increase oil recovery. With a production of 200,000 barrels of crude oil each day, the Duri project is the largest steam flood oilfield in the world and the main source of oil production in Indonesia.

The four year contract, which is valued at about US $64.75 million, now includes all chemicals to be provided by Clariant, and builds on a previous arrangement under which Clariant Oil Services supplied Chevron-Duri.

Signed by the President Director of PT Clariant Indonesia, Mr Hans G. Herrel on behalf of Clariant Oil Services, the contract covers the supply of chemicals, including demulsifiers, deoilers and flocculent chemicals, as well as scale and corrosion inhibitors, surfactants and resins.

The additional local employment required to support the new contract brings the total number of field employees recruited by Clariant to 90. The contract took effect on December 12, 2009.

Please visit our new website www.oil.clariant.com.

Reader enquiries

Clariant
Rothausstrasse 61
4132 Muttenz 1
Switzerland
+41 61 469 6742
www.clariant.com

---

Notes for editors

Clariant – Exactly your chemistry

Clariant is a global leader in the field of specialty chemicals. Strong business relationships, commitment to outstanding service and wide-ranging application know-how make Clariant a preferred partner for its customers.

Clariant is represented globally by more than 100 group companies and employs about 18,000 people. Headquartered in Muttenz near Basel, Switzerland, it generated sales of CHF 8.1 billion in 2008. Clariant is organized into ten Business Units: Additives; Detergents & Intermediates; Emulsions; Industrial & Consumer Specialties; Leather Services; Masterbatches; Oil & Mining Services; Paper Specialties; Pigments; and Textile Chemicals.

Clariant is committed to sustainable growth, which is derived from its own innovative strength. Clariant’s world-class products and services play a key role in its customers’ manufacturing processes or by adding value to their end products. The company’s success is based on the know-how of its people and their ability to identify new customer needs at an early stage and develop innovative, efficient solutions.

www.clariant.com